I just wanted to make sure that everyone has and are maintaining their corporate books and records. I was just working with a couple of clients this weekend. They had their corporate record books and needed some assistance with setting up their records.
I encourage everyone to get them started or updated. Make sure that you are recording your annual meeting. Make sure that you are recording any and all Board of Director meetings; especially those were major decisions are being made and voted on.. The maintenance of these records can be a deciding factor in some IRS issues and court cases. The purpose of these documents is to preserve the “corporate veil” to insure limited liability if you run into difficulties.